Saxo Bank surpasses 1 million clients despite macro environment
“We continue to see a positive trend with more people participating in the financial markets and putting their wealth to work using digital platforms like Saxo. This empowerment of investors has continued despite geopolitical uncertainties and high inflation levels, and we are proud to serve many of them across the world.”
Saxo Bank has announced that it has surpassed 1 million clients, a milestone that comes shortly after the recent news that its client assets globally have crossed the USD 100 billion mark.
The company concluded that more people are starting to take control of their own investments, as Saxo Bank offers online trading platforms, investing, and wealth management solutions.
Saxo Bank has seen steady growth in the number of clients and assets in the past years, solidifying its position as a leading financial and technology services provider amidst a challenging macroeconomic environment.
Empowerment continues despite geopolitical uncertainties and high inflation levels
Kim Fournais, Founder and CEO, commented: “I would like to extend a big thank you to all our passionate and committed employees who are behind our award-winning platforms that every day do their best to ensure that our growing client base can trade and invest across markets and asset classes. Likewise, we are humbled by the immense trust that our 1 million clients and partners around the world have placed in us – thank you to all of you.
“We continue to see a positive trend with more people participating in the financial markets and putting their wealth to work using digital platforms like Saxo. This empowerment of investors has continued despite geopolitical uncertainties and high inflation levels, and we are proud to serve many of them across the world. When I founded Saxo Bank back in 1992 on a shoestring budget and with just one employee, I wanted to make global capital markets accessible for more people. And now where more people globally seek ways to make their money work harder for them, we are ready to support them. I’m confident that it won’t take another 30 years for Saxo Bank to welcome its next million clients.”
Saxo Bank, a Systemically Important Financial Institution
Saxo Bank stated that, unlike many other banks and brokers, Saxo Bank promptly passes on rate hikes to its clients, ensuring that they benefit from the increased interest rates automatically and immediately.
This proactive approach empowers clients and partners to optimize their investment strategies while earning an attractive interest on uninvested cash, without any lock-ins or minimum holding periods.
In turn, this enables Saxo Bank’s growing client base – in Europe, Asia Pacific, and MENA – to respond to emerging opportunities in the markets with agility and confidence.
Saxo Bank is currently in the process of being appointed a Systemically Important Financial Institution (SIFI) later this year by the Danish Financial Supervisory Authority (FSA). The SIFI designation is given to financial institutions that are considered critically important to the functioning of the financial system.